4/Feb/2020 09:39 AM AUTHOR: Brandon Gum -- ======================
Top side resistance breakout on the weekly RSI. Look for a breakout of the green line for a sure entry point. Volume should confirm moves. Trade at your own risk. Have a trading plan with a predetermined stop loss
Not too sure about this one quite yet after today's price action. I do have a position at $81.50
ER would be the catalyst for this breakout making me more skeptical than I otherwise would. Appears to be a slow mover
Buying today reminds me of MLM a few weeks ago. Interested to see how this plays out. WIll likely retest breakout point if I had to guess
Wait for confirmation this next week. Volume should confirm
Daily RSI broke out this last week on good volume. Lets see if the Weekly is also ready to take off. 1.) looking for a MACD zero crossing and trendline break 2.) looking for RSI breakout 3.) looking for good volume 4.) GMMA(not shown, sorry) on the weekly shows compression between traders and investors Idea came thru on the StockTradeBot Bullish MACD scan
Interestingly $NKE recently had a similar setup as well. Trade details on the chart. Is there any reason retail would be bullish right now?
This idea came across my scanner last week. I never got into the trade... And probably wont as I just wont get a entry with much tolerance to downside. Bullish above RSI 69.1 and RSI Uniformity line. use Uniformity line as a sell signal Personal note: Idea from "alternative 2" scan
Looking for topside resistance breakout on the weekly RSI. MACD should be performing a zero line crossing during this time. GMMA looks rather bullish with trader and investor MAs compressing on one another. Consider entry around the orange price action resistance line drawn. Determine you stop loss before entering the trade
A little different setup than I am use to, But I thought it was worth publishing. We will reflect on this in a few weeks, stay tuned. As a side note analyst have very high price targets on this equity. Ranging from $65 to $100 leave a like if you find this of interest Follow for more trade ideas As always comments are always welcomed and appreciated :) Take care
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